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CONSOLIDATED STATEMENTS OF TOTAL EQUITY (UNAUDITED) - USD ($)
$ in Millions
Total
Common stock
Additional paid-in capital
Retained earnings
Accumulated other comprehensive loss
Treasury stock
Total controlling interest's equity
Non-controlling interest
Balance Opening at Dec. 31, 2022 $ 2,626 $ 91 $ 1,113 $ 2,310 $ (522) $ (379) $ 2,613 $ 13
Comprehensive Loss:                
Net income 74 [1]     74     74  
Foreign currency translation adjustment 36       36   36  
Pension liability 0       0   0  
Comprehensive income 110     74 35   110 0
Stock repurchased and retired (42)   (9) (33)     (42)  
Stock-based compensation 3         3 3  
Cash dividends declared (57)     (57)     (57)  
Balance Closing at Mar. 31, 2023 2,641 91 1,105 2,295 (487) (376) 2,627 14
Balance Opening at Dec. 31, 2023 2,570 88 1,044 2,289 (496) (368) 2,557 13
Comprehensive Loss:                
Net income 127 [1]     126     126  
Foreign currency translation adjustment (47)       (46)   (46)  
Pension liability 5       5   5  
Comprehensive income 85     126 (41)   85 0
Retired and repurchased shared (161) (1) (26) (134)     (161)  
Stock-based compensation 4         4 4  
Cash dividends declared (56)     (56)     (56)  
Balance Closing at Mar. 31, 2024 $ 2,442 $ 86 $ 1,018 $ 2,226 $ (537) $ (364) $ 2,429 $ 13
[1] For the three months periods ended March 31, 2024 and 2023, the aggregate transaction gain (loss) included in net income for the period were $(6) million and $(5) million, respectively.